Qatar Fund moves on two of London’s luxury hotels

From Bloomberg: The Qatar Investment Authority, one of the world’s best endowed sovereign wealth funds, is in talks to buy a one-third stake in London’s Savoy Hotel and is among the final bidders in an auction for the Grosvenor House Hotel, the London-based Times reported, without saying where it got the information.
The Savoy, currently being restored, is jointly owned by Lloyds Banking Group Plc’s HBOS unit and Saudi Arabia’s Prince Alwaleed bin Talal; none of the parties would comment on the talks, the newspaper said…………………………………………..Full Article: Source